The previous descending wedge seems to have broken out into a bullish pennant.
The target for the pennant is alone is $895, which makes it a high risk low reward buy opportunity especially if the longer term trend continues.
If this breaks out, I expect that support will be found at the fibonacci level 0.382 ($880).
The target for the pennant is alone is $895, which makes it a high risk low reward buy opportunity especially if the longer term trend continues.
If this breaks out, I expect that support will be found at the fibonacci level 0.382 ($880).
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